Annual Report 2005/06 - voestalpine

Consolidated Financial Statements
132 Annual Report 2005/06
The allocation of the total amount would be undertaken using an allocation
key of 100% for the Chairman, 75% for the Vice-Chairman and
50% for all other members. The attendance honorarium per Supervisory
Board meeting was set at EUR 500.
At the annual shareholders’ meeting on July 5, 2006, the Management
Board will propose remuneration to the Supervisory Board for the
2005/06 business year pursuant to the same remuneration plan as in the
previous year, but limited to a maximum threshold. The remuneration to
the Supervisory Board as well as other expenses during the 2005/06
business year total EUR 0.3 million (2004/05: EUR 0.1 million). No
advances or loans were granted to members of the Supervisory Board
of voestalpine AG.
As legal counsel to voestalpine AG, Dr. Michael Kutschera and the law
firm Binder Grösswang perform various legal advisory services on matters
of forced labor and restitution, on a financing project, on various
legal questions in connection with the issue of a convertible bond as
well as on trademark issues. Fees for these matters are invoiced at the
general hourly rates from time to time in effect of the law firm of Binder
Grösswang, at which Dr. Michael Kutschera is a partner.
employee information
Total personnel expenses are classified as follows:
2005/06 2004/05
Wages 550.8 528.5
Salaries 435.9 392.3
Expenses for severance payments 15.2 13.4
Expenses for pensions 17.1 12.2
Expenses for statutory benefits and
payroll-based contributions 233.4 204.9
Other social expenses 28.9 22.0
1,281.3 1,173.3
In millions of euros